Foundry Market In India 2020

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Foundry Market in India 2017 highlights the overall growth potential of foundry market in India. Increasing production of light vehicles worldwide is acting as a key growth driver for the global foundry market. The Indian foundry industry is a major feeder to various sectors, among which the automobile sector accounts for the largest share. India is the second largest manufacturer of metal castings globally in terms of production volume, after China, producing various metals such as grey iron, ductile iron, steel and aluminum alloys for various applications.



India currently has over 4,500 foundries in the small, medium and large scale sectors with around 1500 units having international quality accreditation. The market is set to expand predominantly owing to growing automobile production, growth in end-user segments, strong growth in the MSME sector complimented with the availability of low cost labor, improved technology and production facility upgradation. Expansion of infrastructure by the Indian Government is expected to generate demand for a wide variety of machinery and equipment such as cranes, fans, motors, appliances, pumps, conveyor equipment etc. for their processes which, in turn, will create fresh demand for metal casting industry.

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